ServisFirst Bancshares, Inc. (NYSE:SFBS) Shares Acquired by Diversified Trust Co

Diversified Trust Co raised its holdings in shares of ServisFirst Bancshares, Inc. (NYSE:SFBS - Free Report) by 41.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,989 shares of the financial services provider's stock after acquiring an additional 5,574 shares during the period. Diversified Trust Co's holdings in ServisFirst Bancshares were worth $1,568,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP acquired a new stake in ServisFirst Bancshares during the 4th quarter valued at approximately $30,000. Smartleaf Asset Management LLC lifted its stake in shares of ServisFirst Bancshares by 169.0% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,189 shares of the financial services provider's stock valued at $102,000 after purchasing an additional 747 shares during the period. Sterling Capital Management LLC lifted its stake in shares of ServisFirst Bancshares by 761.6% in the 4th quarter. Sterling Capital Management LLC now owns 1,189 shares of the financial services provider's stock valued at $101,000 after purchasing an additional 1,051 shares during the period. Advisors Capital Management LLC acquired a new position in shares of ServisFirst Bancshares in the 4th quarter valued at $210,000. Finally, Occudo Quantitative Strategies LP acquired a new position in shares of ServisFirst Bancshares in the 4th quarter valued at $219,000. 67.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Piper Sandler decreased their target price on shares of ServisFirst Bancshares from $96.00 to $84.00 and set a "neutral" rating for the company in a research note on Tuesday, April 22nd.

ServisFirst Bancshares Stock Performance

SFBS opened at $79.28 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a fifty day moving average price of $74.20 and a 200 day moving average price of $80.99. ServisFirst Bancshares, Inc. has a 1 year low of $60.19 and a 1 year high of $101.37. The stock has a market cap of $4.33 billion, a P/E ratio of 18.02 and a beta of 0.85.

ServisFirst Bancshares (NYSE:SFBS - Get Free Report) last posted its earnings results on Monday, April 21st. The financial services provider reported $1.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.18 by ($0.02). ServisFirst Bancshares had a net margin of 24.16% and a return on equity of 15.11%. The firm had revenue of $131.83 million during the quarter, compared to analyst estimates of $134.13 million. During the same quarter in the prior year, the firm earned $0.94 earnings per share. Equities research analysts anticipate that ServisFirst Bancshares, Inc. will post 5.17 earnings per share for the current year.

ServisFirst Bancshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Tuesday, July 1st will be issued a $0.335 dividend. This represents a $1.34 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Tuesday, July 1st. ServisFirst Bancshares's payout ratio is presently 30.45%.

ServisFirst Bancshares Profile

ServisFirst Bancshares, Inc operates as the bank holding company for ServisFirst Bank that provides various banking services to individual and corporate customers. It accepts demand, time, savings, and other deposits; checking, money market, and IRA accounts; and certificates of deposit. The company's loan products include commercial lending products, including seasonal, bridge, and term loans for working capital, expansion of the business, acquisition of property, and plant and equipment, as well as commercial lines of credit; commercial real estate loans, construction and development loans, and residential real estate loans; and consumer loans, such as home equity loans, vehicle financing, loans secured by deposits, and secured and unsecured personal loans.

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